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Mrs.Enhtsetseg, 41 years old, lives with her husband and two sons in a ger in Hovd province of Mongolia. Her husband Tomorbaatar, 35, provides a taxi service within the area, while her son Taivanbaatar, 17, studies at a local secondary school and her younger son Zolboot, 2, attends a local kindergarten.

Enhtsetseg has been working as an interior designer for years, but because it is seasonal work she is now planning to start a taxi service. She is requesting a loan of 2'000'000MNT to purchase an eco-friendly electric and gas car to provide the service.

A clever, hardworking and responsible woman, Enhtsetseg says, "I cannot stay home during winter from now on. Next year my son will be a university student and we need to save for his education costs from now on."

Additional Information

More information about this loan

This loan is part of XacBank's green loan program, giving Mongolian farmers the support they need to grow and process organic fruits and vegetables despite harsh conditions and short growing seasons. These loans are used to obtain critical resources, like greenhouse space to shield crops from the cold, and training for traditionally nomadic entrepreneurs who lack agricultural experience. XacBank's green loan program also helps clients to improve their heating and ventilation systems, reducing pollution and health problems caused by burning fuel.

About XacBank

This loan is being administered through XacBank, a Mongolian for-profit microfinance institution. XacBank is located in every province of Mongolia, reaching some of the most rural micro business clients. With this Kiva loan, there is an opportunity for the entrepreneur to get a savings account including 9% of the interest if they pay back the loan on time. This is a special savings account that XacBank has specifically prepared for the Kiva loan borrowers to promote savings habits.

About Mongolia

  • $5,900
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,397.6
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,450 helped Enhtsetseg to purchase an eco-friendly electric and gas car to provide taxi service.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Nov 19, 2012
Dec 16, 2012
Currency Exchange Loss:
May 28, 2013